Notice of RetractionPaper empirical study on the impact of RMB exchange rate on Chinese textile import and export

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Since July 21, 2005, with the government of China began to implement the managed floating exchange rate system, based on the supply and demand of market with reference to “A Basket of Currencies”, RMB is under the pressure of appreciation against U.S. dollar, it has become a critical factor that constraints the growth in textile and apparel´s imports and exports. Based on the monthly data of China textile imports and exports and exchange rates of RMB/USD from Jun-2006 to May-2008, this paper analyzes the relationship between the two variables by using econometrics methods such as ordinary least squares, error correction model and Granger-causality Test.